Avg. Federal Grant


Avg. Federal Loan


Total Aid Awarded

Evangel University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.


Total Aid Amount Average Total Aid Awarded per year.


Financial Aid Official Website


It is interesting to note that almost every student at EU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $13,128,003. More information regarding the financial assistance schemes can be accessed on EU’s official financial aid page at http://www.evangel.edu/financial/tuition-and-cost/. Notably, a total of 42% of the applicants to Evangel University receive the Federal Grant every year. In comparison, 95% of the students are awarded the Student Grant, 88% get the Institution Grant, and 41% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,519. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $16,871 per year. The average aid amount stands at $15,820 for an annual family income between $30,001 and $48,000. This amount comes to $14,066 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $12,479. And, for those with a family income of more than $110,000, the amount stands at $11,712. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At EU, an estimated number of 96% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid


State Grant Aid


Institution Grant Aid


Pell Grant


Average Aid Awarded

Federal Grant Aid


State Grant Aid


Institution Grant Aid


Pell Grant


Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000


$30,001 - $48,000


$48,001 - $75,000


$75,001 - $110,000


Over $110,000


Student Loans for Evangel University

Average Loan Amount Average Loan Amount received per year.


Students Taking Out Loans


Loan Default Rate


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